Sectorally, indices traded mixed with Nifty Financial Services up 0.55% and Nifty IT leading the losers.
Indian benchmark indices made a flat opening on Thursday, amid lackluster global markets.
Asian markets were dull as soft US retail sales data sparked concerns about the health of the US economy, snapping the 5-day rally.
The Sensex is currently trading up by 93 points to 38,692, and the Nifty is up 14 points at 11,478. (9.23AM)
Sectorally, indices traded mixed with Nifty Financial Services up 0.55% and Nifty IT leading the losers.
Shares of HDFC were up 0.92% as the company announced the raising of Rs500cr secured redeemable NCDs via private placement.
Shares of Mindtree are down 1.8% despite reporting an increase in net profit by 45.6% QoQ at Rs135cr in Q2FY20. The company’s revenue also stood higher by 4.4% QoQ at Rs1,914.3cr in Q2FY20.
Among other top gainers were Eicher Motors & IndusInd Bank. Top losers on the Nifty included Hindalco, Vedanta, and Cipla.
ZEEL, South Indian Bank, Cyient, DHFL, 3i Infotech, Larsen & Toubro Infotech, TVS Motor Company, and PVR will release their September quarter earnings today.
The Indian rupee opened marginally higher at 71.38/$ on Thursday vs. the previous close of 71.43/$.
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